Today's @bopinion post is a review of the excellent new book "The Gift of Global Talent: How Migration Shapes Business, Economy & Society", by @william_r_kerr!https://www.bloomberg.com/opinion/articles/2018-10-24/america-s-need-for-skilled-immigrants-isn-t-going-away?utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&utm_content=business&cmpid=socialflow-twitter-business …
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In fact, there's another reason skilled immigration is so important and good: Skilled immigrants pay a lot of TAX MONEY, to support the native-born population.pic.twitter.com/6y2giM7ZRs
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The tax revenue from skilled immigrants is basically a free lunch for native-born Americans - including your parents and grandparents, your hometown, etc.pic.twitter.com/7ZPVseHwhD
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But the United States' skilled immigration system is NOT OPTIMAL. It needs to be improved. First of all, we need to prioritize high-wage workers for H-1b visas, instead of lower-wage workers.pic.twitter.com/Ml1HzmO7BD
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Second, we need to let H-1b workers apply for green cards THEMSELVES, instead of through their employers! This will cut the "tether" and make H-1b workers less like indentured servants.pic.twitter.com/f6JbwQWH4m
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Those are
@william_r_kerr's suggestions. Here are some more good ideas: 1. Region-based sponsorship of skilled immigrants (think: the Rust Belt) 2. Lifts on country caps (to prevent brain drain) 3. A Canada-style points-based immigration system!!!pic.twitter.com/b77mxHq9a8
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Skilled immigration is one of the last big free lunches that America has. Let's not throw that away. (end)pic.twitter.com/ud3BdI627W
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Brain drain and brain gain are outdated ideas. The current situation is best described as brain circulation, and it’s a good thing.
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Any data to support this no problem assertion?pic.twitter.com/ZiUUtfybZU
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Yes, in the book.
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Thanks will look it up
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Skilled migration also raises returns to education in sending countries, leading to human capital formation. Just wanted to share our newest research on nurse migration from the Philippines https://docs.google.com/viewer?a=v&pid=sites&srcid=ZGVmYXVsdGRvbWFpbnxsYWNkZXZjb25mfGd4OjEwODRiNzNjNjVmMjVjNjM …pic.twitter.com/42UQRGWXBO
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I'm just coming out of Nepal, where the growth of overseas work has lead to a dramatic decline in poverty rates - 2.2%/year for 15 years. Migration not only raised the wages of migrants, and who sent remittances, but more importantly raised the wages of unskilled labor at home.
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Nepal has been famously sending its best soldiers abroad for 100+ years, which has led to the army being one of the best functioning institutions in the country, as people compete to get training. https://digitalrepository.unm.edu/cgi/viewcontent.cgi?referer=https://www.google.sk/&httpsredir=1&article=1052&context=hprc …
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I'm currently in Slovakia, another small country with large labor outflows. In the past 10 years, Slovaks have built a start-up sector mostly based on people returning with skills from abroad. Just this week Lyft bought a Slovak company for $100 million.https://www.forbes.sk/startup-trojice-slovakov-odkupil-najvacsi-super-uberu-mal-zan-zaplatit-72-milionov-dolarov/# …
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Are there times when "cross-boarder networks of innovation" a problem? Like defense, or stealing secrets? Is it overblown?
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